Top 5 Singapore Forex Brokers

Southeast Asia has become a popular region for Forex trading as people are looking to supplement their income and to take advantage of the top Forex brokers operating throughout the region.  In Singapore specifically, Forex trading has a daily average turnover of around $300 billion per day, making it one of the five biggest centers for Forex trading worldwide.  The Monetary Authority of Singapore (MAS) provides regulation to the country’s financial activities including Forex trading, though some of the top Forex brokers in Singapore are regulated in other regions.
Specifically because Singapore is a fairly small country, if you’re looking for one of the best Forex brokers in Singapore you may want to consider a broker with global reach that operates in the region.  For example there are many Forex brokers with FCA regulation in the United Kingdom that operate in Singapore and have built reliable reputations and a strong presence in Singapore (and oftentimes throughout Asia).  Several CySEC-regulated brokers also serve residents of Singapore dependably. 
 
Regulated Forex Brokers in Singapore
Though regulation is certainly an important factor when evaluating the top Forex brokers in Singapore, spreads, fees, platform options and other factors are important to consider as well.  To help make your decision easier we’ve tested the top Forex brokers in Singapore and recorded our findings in the reviews below.  Don’t be afraid to trade on a demo before depositing money into your live account. This is the best way to make sure that our recommended brokers are the best for you.
Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation Rating More Info
IFC Markets $1 None MetaTrader 4, Web-based 1:400 CySEC

9.9/10
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FXTM $5 Sign Up - 20% MetaTrader 4, Sirix, MetaTrader 5 1:1000 CySEC, IFSC

9.7/10
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AvaTrade $100 Up To $5000 MetaTrader 4, Proprietary platform, Web-based 1:400 MiFID, Central Bank of Ireland, ASIC, FSC, BVIFSC

9.5/10
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4 FXCM $50 ?
Standard: $2000, Mini: $50
None MetaTrader 4, Proprietary platform, Web-based 1:50 ASIC, FCA

9.4/10
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5 City Index $100 No deposit bonus MetaTrader 4, ATpro platforms, Advantage Web 1:200 ASIC, FCA, MAS

9.0/10
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Regulated Forex Brokers in Singapore

IFC Markets

IFC Markets, located in the British Virgin Islands, is one of the leading regulated brokers in CFD and Forex markets. The company was founded in 2006 and since then, IFC Markets has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading. The company holds Professional Indemnity Insurance with AIG EUROPE LIMITED.

IFC Markets Review
FXTM

FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB.

FXTM Review
AvaTrade

AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals.

AvaTrade Review
FXCM

FXCM (Forex Capital Markets) was founded in 1999 in the U.S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U.S. exchange listing the equity of large technology-based companies.

FXCM Review
City Index

As one of the oldest and most established Forex and CFD brokers in the world, City Index has grown to be one of the world leaders in spread betting and CFD trading. The company was established in the UK in 1983 and has been around for over 30 years, a timeframe that is practically unheard of in the industry. City Index has recently been acquired by GAIN Capital Holdings, Inc. a global leader in online trading, creating a retail business with over 235,000 funded accounts, $1.2 billion in customer assets and $3.1 trillion in annual trading volume. The company has offices in London, Dubai, Sydney, New Jersey, Shanghai, Tokyo, Hong Kong and Singapore which accommodates a staff of over 800 employees. City Index and transact over $400 billion in trade volume every month for individuals in over 50 countries worldwide. City Index is authorized and regulated by the UK’s Financial Conduct Authority (FCA).

City Index Review